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Usdjpysell

Where To Next 900 Pip Move On The Cards??I've had to look at the 2 week chart for a clearer picture of the directional move for this pair as you can see on the chart there is a nice UNTESTED SUPPLY/SELL zone that starts at 134 which is also a resistance area. What I would expect to see next on this pair is for price to pop up towards the 134 zone and then SELL off so I will be looking for sell signals on the TRFX indicator as we approach this price or go above it into the SELL zone. The for this move will be a NEW low in the current downtrend as you can see on the chart a nice target for this is the 125 level which is a previous strong resistance which should now act as a solid support and nice target for bears. This trade may take a few weeks to play out though if it goes as expected above then there is 900 pips or more to be made on this pair. Hope you enjoyed the post comment below if have any questiions
Short
by TheFxAce
8
USDJPY Trading Plan - 8/Feb/2023Hello Traders, Hope you all are doing good!! I expect USDJPY to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
2
JPY weakens on BoJ rumor and strong US jobs The Japanese yen has fallen past 132.50 per dollar (from 129.00 last Friday), reaching its lowest point in four weeks following reports that the government is considering Bank of Japan Deputy Governor Masayoshi Amamiya as the next central bank leader. Amamiya is seen as the most dovish of the potential candidates, putting an end to hopes of the BoJ normalizing its monetary policy after years of ultra-easy measures. However, the Japanese government has since denied the rumors that they had approached Amamiya and maintains that the new BoJ Governor will be announced sometime in February. Recently, the Japanese central bank maintained its ultra-low interest rates and yield control policy, despite speculation of a policy change. Current BoJ Governor Haruhiko Kuroda stressed the need for a sustainable 2% inflation target, accompanied by rising wages. The yen was also affected by a strong dollar due to positive US jobs data, indicating that the Federal Reserve has room to raise interest rates. In January 2023, the US economy created a surprising 517K jobs, the largest increase since July and well above the 2022 monthly average of 401K, easily surpassing the market prediction of 185K. The job growth was broad-based, with the biggest increases in leisure and hospitality (128K), professional and business services (82K), and health care (58K). Last week, USD/JPY had a noteworthy 4-hourly candle close from a technical viewpoint, breaking through the descending trendline and the psychological 130.00 level. The new 4-hourky open was in the form of a Hanging Man candlestick, with no upper wick, indicating bearish stagnation or a reversal. If we do see some retracement the 200-day moving average could act as support just below 131.00. On the weekly view of the chart, upside resistance suggests 132.90, 133.90 and 134.40 could be points of contention for the pair.
by BlackBull_Markets
USDJPY Breaks Into SellUSDJPY finally makes a directional breakout after ranging across resistance and support ranges of 130.600 and 129.400 . The FOMC Press Conference caused a downward spike in pricing that I expect to continue after NY market close and JPY open based on the hourly chart. I have based my analysis on the last time UJ saw current price points in mid-Jan 2023. Sell Entry: 128.500 Targets: 128.350 | 128.200 | 128.030 | 127.900 | 127.770 | 127.600 Support: 127.360 Be sure to like this post and let me know what you think in the comments below!
Short
by DollarYenQueen
2